| Market Capitalization (Millions $) |
17,078 |
| Shares
Outstanding (Millions) |
259 |
| Employees |
4,943 |
| Revenues (TTM) (Millions $) |
4,418 |
| Net Income (TTM) (Millions $) |
821 |
| Cash Flow (TTM) (Millions $) |
90 |
| Capital Exp. (TTM) (Millions $) |
2,315 |
Business Description
Alliant Energy Corporation is a publicly-traded energy company headquartered in Madison, Wisconsin, that provides utility services to over 1 million customers in Iowa and Wisconsin, with some operations extending into Minnesota. Known for its extensive portfolio, Alliant Energy operates various energy generation facilities, natural gas distribution systems, and renewable energy sources.
Historical Background
Founded in 1917 as the Iowa Railway and Light Corporation, the company underwent multiple rebranding phases, ultimately becoming Alliant Energy Corporation in 1998. With a workforce of approximately 4,000 employees, the company has built a robust infrastructure supporting its energy services.
Utility Operations
Alliant Energy’s electric utility subsidiaries include:
- Interstate Power and Light Company (IPL): Serving customers predominantly in Iowa.
- Wisconsin Power and Light Company: Catering to customers across Wisconsin.
Additionally, Alliant Energy has a natural gas utility subsidiary named Alliant Energy Resources, which provides natural gas service to over 400,000 customers in Iowa and Wisconsin.
Renewable Energy Initiatives
Alliant Energy has positioned itself as a leader in renewable energy development, primarily through its significant investment in wind and solar energy. The company boasts:
- Wind Generation Capacity: Approximately 1,500 megawatts, making it one of the largest wind energy developers in the Midwest.
- Solar Power Goals: Plans to enhance its solar generation capabilities, aiming for the addition of 1,000 megawatts of solar power to its portfolio.
Sustainability Commitment
The company is committed to environmental stewardship, setting ambitious sustainability goals, including:
- Reducing Carbon Emissions: A target to lower carbon dioxide emissions by 50% by the year 2030, using 2005 levels as a baseline.
- Energy Efficiency Programs: Implementing programs aimed at helping customers enhance their energy efficiency, thereby reducing consumption and lowering their utility bills.
Conclusion
Overall, Alliant Energy Corporation is recognized for its diverse range of utility services, strong commitment to renewable energy, and dedication to sustainability. It plays a crucial role in the energy landscape of the Midwest, focusing not only on meeting current energy demands but also on paving the way for a sustainable energy future.
Company Address: 4902 N. Biltmore Lane Madison 53718 WI
Company Phone Number: 458-3311 Stock Exchange / Ticker: NASDAQ LNT
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